"In exchange for the caravan parks, the deal will be that they'll have to build social housing to that value, so it's a win-win situation ... [for] the caravan parks, because they have security of tenure and it's a win for future social housing tenants because more housing will be built," he said.

"The current residents can have the peace of mind that for as long as they want to stay, this is the permanent residents, for as long as they want to stay in the caravan park there, they can stay there."